Apollo Global Management Inc. $APO Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC grew its stake in Apollo Global Management Inc. (NYSE:APO) by 237.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,759 shares of the financial services provider’s stock after acquiring an additional 7,571 shares during the period. Krilogy Financial LLC’s holdings in Apollo Global Management were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apollo Global Management by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after purchasing an additional 234,517 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $459,987,000. Bank of New York Mellon Corp acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $336,644,000. Temasek Holdings Private Ltd raised its position in Apollo Global Management by 214.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Apollo Global Management by 15.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,976,083 shares of the financial services provider’s stock worth $220,149,000 after purchasing an additional 266,732 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 1.1%

Shares of NYSE APO opened at $112.14 on Friday. The firm has a market capitalization of $66.22 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.58. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The firm’s 50-day moving average is $127.09 and its 200-day moving average is $125.22.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same period last year, the firm earned $1.92 earnings per share. Equities analysts expect that Apollo Global Management Inc. will post 8.00 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a $0.5625 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is presently 82.42%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APO. The Goldman Sachs Group reduced their price objective on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Rothschild & Co Redburn lifted their target price on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets lifted their target price on Apollo Global Management from $126.00 to $134.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Wells Fargo & Company began coverage on Apollo Global Management in a research report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 target price for the company. Finally, TD Cowen cut their price target on Apollo Global Management from $159.00 to $154.00 and set a “buy” rating on the stock in a research note on Monday. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $152.60.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.30% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.